They would complacently narrate its origin, which dated from the very formation of the Company.

Towards the beginning of the last century, there had been a mad search for coal between Lille and Valenciennes. The success of those who held the concession, which was afterwards to become the Anzin Company, had turned all heads. In every commune the ground was tested; and societies were formed and concessions grew up in a night. But among all the obstinate seekers of that epoch, Baron Desruinaux had certainly left the reputation for the most heroic intelligence. For forty years he had struggled without yielding, in the midst of continual obstacles: early searches unsuccessful, new pits abandoned at the end of long months of work, landslips which filled up borings, sudden inundations which drowned the workmen, hundreds of thousands of francs thrown into the earth; then the squabbles of the management, the panics of the shareholders, the struggle with the lords of the soil, who were resolved not to recognize royal concessions if no treaty was first made with themselves. He had at last founded the association of Desruinaux, Fauquenoix Co. to exploit the Montsou concession, and the pits began to yield a small profit when two neighbouring concessions, that of Cougny, belonging to the Comte de Cougny, and that of Joiselle, belonging to the Cornille and Jenard Company, had nearly overwhelmed him beneath the terrible assault of their competition. Happily, on the 25th. August 1760, a treaty was made between the three concessions, uniting them into a single one. The Montsou Mining Company was created, such as it still exists to-day. In the distribution they had divided the total property, according to the standard of the money of the time, into twenty-four sous, of which each was subdivided into twelve deniers, which made two hundred and eighty-eight deniers; and as the denier was worth ten thousand francs the capital represented a sum of nearly three millions. Desruinaux, dying but triumphant, received in this division six sous' and three deniers.

In those days the baron possessed Piolaine, which had three hundred hectares belonging to it, and he had in his service as steward Honoré Grégoire, a Picardy lad, the great-grandfather of Léon Grégoire, Cécile's father. When the Montsou treaty was made, Honor, who had laid up savings to the amount of some fifty thousand francs, yielded tremblingly to his master's unshakable faith. He took out ten thousand francs in fine crowns, and took a denier, though with the fear of robbing his children of that sum. His son Eugéne, in fact, received very small dividends; and as he had become a bourgeois and had been foolish enough to throw away the other forty thousand francs of the paternal inheritance in a company that came to grief, he lived meanly enough. But the interest of the denier gradually increased. The fortune began with Félicien, who was able to realize a dream with which his grandfather, the old steward, had nursed his childhood--the purchase of dismembered Piolaine, which he acquired as national property for a ludicrous sum. However, bad years followed. It was necessary to await the conclusion of the revolutionary catastrophes, and afterwards Napoleon's bloody fall; and it was Léon Grégoire who profited at a stupefying rate of progress by the timid and uneasy investment of his great-grandfather. Those poor ten thousand francs grew and multiplied with the Company's prosperity. From 1820 they had brought in one hundred per cent, ten thousand francs. In 1844 they had produced twenty thousand; in 1850, forty. During two years the dividend had reached the prodigious figure of fifty thousand francs; the value of the denier, quoted at the Lille bourse at a million, had centupled in a century.

M. Grégoire, who had been advised to sell out when this figure of a million was reached, had refused with his smiling paternal air. Six months later an industrial crisis broke out; the denier fell to six hundred thousand francs. But he still smiled; he regretted nothing, for the Grégoires had maintained an obstinate faith in their mine. It would rise again: God Himself was not so solid. Then with his religious faith was mixed profound gratitude towards an investment which for a century had supported the family in doing nothing. It was like a divinity of their own, whom their egoism surrounded with a kind of worship, the benefactor of the hearth, lulling them in their great bed of idleness, fattening them at their gluttonous table. From father to son it had gone on.